As inflation burns a hole in consumers’ pockets and the US housing market hits the brakes, two sectors that investors are likely to be fearful of are food delivery and housing.Speaking to theMinds conference, Sandler named global on-demand ride-sharing and food delivery service Uber Technologies among his top picks, alongside real-estate marketplace Zillow.
Sandler says Uber is a buy for three reasons: high margins; improving profitability; and, structural advantages in food delivery that make it difficult for like-businesses to compete. “Will some people stop ordering in from the local Italian and cook pasta at home? Yes, if they have to save,” he says.
The company announced on Friday that it had laid off 300 staff as it contends with a slowing market. Last November, the Seattle-base company announced it was laying off a quarter of its headcount due to the closure of its home-buying business Offers.Sandler is not deterred. “Zillow is priced this way because everyone is worried about the near term cyclically and because historically they were in the home flipping business which lost them money,” he says.
Eminence hasn’t “raised a penny” in Australia but has expanded across the Middle East. Assets under management across the firm sit around $5.6 billion with around $2.2 billion in the long/short strategy and $3.4 billion in the long strategy. Both strategies are open to new capital.
That's correct I'm just waiting for proper drop to take over the stock market